Whitey Basson leaves behind ‘excellent’ team
The Shoprite icon delivers the last results under his watch, with numbers blowing past expectations and operations thriving in the rest of Africa Source: Whitey Basson leaves behind ‘excellent’ team
The Shoprite icon delivers the last results under his watch, with numbers blowing past expectations and operations thriving in the rest of Africa Source: Whitey Basson leaves behind ‘excellent’ team
Drought hits Pioneer’s earnings, while a ‘solid domestic market’ saves Tiger Brands from weak trading conditions across Africa Source: Tiger Brands ‘solid’ but Pioneer sees profit drop
Tiger says the majority of Haco’s business does not align with its current operating model of owning leading fast-moving consumer goods brands Source: Tiger Brands to sell controlling stake in Kenyan business
Hit by drought and rand weakness, Pioneer Foods Group has warned of a 38%-55% drop in headline earnings per share for the six months to March Source: Pioneer Foods warns of first-half headline earnings per share falling 38%-55%
A new-look, restructured Imperial Holdings has, since 2015, disposed of, or is busy disposing of, 42 businesses with a total revenue of R11.9-billion and operating profit of R937-million. Source: Restructured Imperial continues disposal spree
Business magnate Christo Wiese drops the multibillion-rand merger after key players fail to agree on price Source: Price dispute sinks Shoprite, Steinhoff merger plan
Retailer says the drought and its effect on agricultural production, along with the high replacement cost of basic food imports, pushed up internal inflation Source: Shoprite’s interims a fitting sendoff for Whitey Basson
The Anglo-Dutch company’s adamant rejection of Kraft Heinz Company’s offer is said to have played into billionaire Warren Buffett’s aversion to hostile deals Source: Kraft’s bid for Unilever collapses
Warren Buffett dumps 90% of his Walmart shares, worth $900m Source: Buffett’s Walmart sell-off is bad news for retailers
Woolworths CEO Ian Moir discusses half-year results, which show pressure on a number of fronts, and why he has maintained the dividend in tight times https://www.youtube.com/watch?v=YhWwpSprCgY Source: BUSINESS DAY TV: Woolworths is ‘doing right by our customers’